A partner in the bankruptcy and corporate reorganisation department, Steve Shimshak has a diverse practice (with a particular emphasis on complex bankruptcy litigation) that includes US and foreign insolvency proceedings, as well as restructurings and workouts involving debtors, creditors (including financial institutions, industry players and others), court-appointed liquidators, trustees, asset purchasers and private equity investors.

Steve was appointed a fellow of the American College of Bankruptcy in 2008 and is regularly recognised as one of the leading bankruptcy and corporate restructuring lawyers in New York by peer review organisations Chambers USA, Chambers Global, Best Lawyers in America, TheLegal 500, IFLR1000, Expert Guides: Best of the Best USA and others. His work for Ericsson and Rockstar Consortium in the purchase of Nortel's US$4.5 billion patent portfolio in a bankruptcy auction was recognised as the "M&A deal of the year" by both the International Financial Law Review and The M&A Advisor, and was also "highly commended" by the Financial Times' report of "US innovative lawyers 2012". Most recently, Steve was named by BTI Consulting Group Inc as a 2015 "client service all-star", an award that identifies "rare, exceptional attorneys standing out above all others serving the most influential legal decision makers".

Articles include "The Paradox of Chapter 15: Rigid, Yet Flexible," New York Law Journal (8 Sept, 2008), "Bankruptcy Reforms and the High Net Worth Debtor," New York Law Journal (3 Mar, 2008), "Are Trading Orders Unconstitutional?," New York Law Journal (30 Oct, 2006), "Distributing a Debtor's Intellectual Property," New York Law Journal (22 Nov, 2004) and "Revisiting Rule on Trustee Standing: In New Economy, 'Wagoner' Doctrine Takes on Added Significance," New York Law Journal (19 Feb, 2002).